Yes, they mainly liquidated those who started investing in BTC after November 5th and who don't know much about this vast world of crypto.
Cointribune
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Between a sudden fall and a crazy rise: What is Bitcoin playing at?
The cryptocurrency market has recently witnessed extreme volatility, marked by a significant drop in Bitcoin (BTC) followed by an equally spectacular rise. This sequence of events led to massive liquidations, reaching $1.18 billion! Leaving many investors confused and worried.
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